4/38 North Avon Road, Richmond, Christchurch

Nestled on the outskirts of the city, this charming two-bedroom townhouse with a cross-lease title is a gem with immense potential. Constructed in 1960, the property boasts a brick exterior, iron roof, and an average condition throughout. It spans a floor area of 60 square meters and includes a dedicated carpark, making it an ideal starter home or investment opportunity. The property is equipped with a heat pump and features a sunny living area, built-in wardrobes in the bedrooms, a garden shed, and a well-positioned garden, all set in a level contour.

With a current Capital Value (CV) of $350,000, this property has seen a remarkable increase of 62.79% from its previous CV of $215,000. The HouGarden AVM estimates the property's value at $342,500, while the latest sale record dates back to 2008 at $144,000, highlighting the property's appreciating value and investment appeal.

For families with children, the property falls within a desirable school zone. It is close to Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), Shirley Intermediate (Decile 4), and several other well-regarded institutions. This location provides easy access to local transport, shopping at the Palms Shopping Mall and New World, and is convenient for city commuters.

Updated on July 31, 2024